Oppenheimer Asset Management Inc. increases equity position in Las Vegas Sands Corp. (NYSE:LVS)

Oppenheimer Asset Management Inc. increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS – Free Report) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,866 shares of the casino operator’s stock after acquiring an additional 1,967 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Las Vegas Sands were worth $4,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Las Vegas Sands by 0.6% in the first quarter. Vanguard Group Inc. now owns 37,107,775 shares of the casino operator’s stock worth $1,918,472,000 after buying an additional 209,589 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Las Vegas Sands by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,170,552 shares of the casino operator’s stock valued at $1,663,219,000 after buying an additional 531,799 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Las Vegas Sands by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 11,351,573 shares of the casino operator’s stock worth $502,307,000 after purchasing an additional 1,536,754 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Las Vegas Sands by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 11,263,604 shares of the casino operator’s stock valued at $554,282,000 after bought an additional 669,052 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Las Vegas Sands during the 4th quarter valued at approximately $266,538,000. 39.16% of the shares are currently held by hedge funds and other institutional investors.

Analysts set new price targets

Several analysts have recently issued reports on LVS shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group cut their price target on Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Barclays decreased their price objective on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Stifel Nicolaus cut their price target on Las Vegas Sands from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Argus lowered Las Vegas Sands from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.25, based on data from MarketBeat.com.

Check out the latest stock report on LVS

Las Vegas Sands stocks rose 0.6%

Shares of Las Vegas Sands opened at $40.26 on Tuesday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.57, and a current ratio of 1.58. Las Vegas Sands Corp. has a one year low of $36.62 and a one year high of $55.65. The company has a 50-day simple moving average of $40.06 and a 200-day simple moving average of $44.81. The firm has a market cap of $30.00 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.12 and a beta of 1.11.

Las Vegas Sands (NYSE:LVS – Get Your Free Report ) last posted its earnings results on Wednesday, July 24th. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.82 billion. Las Vegas Sands had a return on equity of 44.41% and a net margin of 14.08%. Las Vegas Sands’s revenue for the quarter was up 8.6% on a year-over-year basis. In the same quarter last year, the company posted EPS of $0.46. As a group, equities analysts expect that Las Vegas Sands Corp. to post 2.46 earnings per share for the current year.

Las Vegas Sands announces dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 6th. Las Vegas Sands’ payout ratio is currently 38.65%.

Las Vegas Sands Company Profile

(Free report)

Las Vegas Sands Corp., together with its subsidiaries, develops, owns and operates integrated resorts in Macau and Singapore. Owns and operates The Venetian Macao Resort Hotel, Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip and Sands Macao in Macau, People’s Republic of China; and Singapore’s Marina Bay Sands.

Read more

Want to see what other hedge funds own LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Las Vegas Sands Corp. (NYSE:LVS – Free Report).

Get news and reviews for Las Vegas Sands Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Las Vegas Sands and related companies with MarketBeat.com’s FREE daily email newsletter.